Since you rolled the funds over from the 401(k) into a self-directed IRA the loss is not currently deductible.
In order for you to have a deductible investment loss you would have had to pay taxes on the withdrawal from the 401(k) at the time of the investment into the business or you would need to have a basis in the 401(k) from after tax contributions and have liquidated all of your traditional IRA accounts in the same year.
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